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(Full text of a statement. Contact details below.)
BEIJING, Feb. 28 PRNewswire Asia-FirstCall-AsiaNet - Huaneng Power International, Inc. (NYSE: HNP)(HKEx: 902)(SSE: 600011) (the "Company") today announced the tariff adjustment for Huaneng Shangan Power Plant ("Shangan Power Plant").
Based on the document of State Development and Planning Committee ("SDPC"), the average on-grid tariff for the Company's Shangan Power Plant Phase I and Phase II was adjusted to RMB334 per MWh (including VAT) as from February 10, 2002.
Before the adjustment, the on-grid tariffs concerned were RMB307 per MWh (including VAT) and RMB432 per MWh (including VAT), respectively.
The current generation capacity for the Shangan Power Plant is 1,300MW, representing 12% of the Company's total generation capacity.
...Source: HighBeam Research, HUANENG POWER ANNOUNCES NEW TARIFF FOR CHINA PLANT.